Ultra Clean Holdings (UCTT) Tops Q2 EPS by 2c, Offers Q3 Guidance

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Needham & Company Raises Price Target on Ultra Clean Holdings (UCTT) to $8.50 Following Strong 2Q

July 29, 2016 6:51 AM EDT

Needham & Company reiterated a Buy rating on Ultra Clean Holdings (NASDAQ: UCTT), and raised the price target to $8.50 (from $7.00), following the company's 2Q earnings report. UCTT reported revenues of $129.8MM, exceeding guidance of $123-128MM and the Street's $125.1MM. Non-Gaap EPS of $0.10 came in above... More